Gold rates rise sharply after two-day dip

Gold rates rose sharply after a two-day dip, with 24-carat gold in Hyderabad at ₹1,44,930 for 10 grams, up ₹600, and 22-carat gold at ₹1,32,850, up ₹550.

US inflation and Federal Reserve interest rate uncertainty are driving gold price volatility, with potential rate cuts expected to increase investment demand.

Middle East tensions, particularly US-Iran dynamics, are keeping markets on edge, as any escalation could spike gold demand.

Key factors for future gold prices include Fed moves, Dollar Index, Middle East events, and international spot gold prices.